LONDON, March 21, 2017 /PRNewswire/ --
This announcement contains inside information within the meaning
of the Market Abuse Regulation (EU) (No 596/2014).
BCRE - Brack Capital Real Estate
Investments N.V.
("BCRE" or the "Company")
Update Directorate Change
Further to its announcement on 13 March
2017, the Company hereby announces that Mrs. Nansia Koutsou,
who serves as a director on the board of directors of Brack Capital
Properties N.V. ("BCP"), an associate undertaking of the
Company whose shares are traded on the Tel Aviv Stock Exchange
("TASE"), as well as the CFO and COO of BCRE, has notified
BCP of her decision not to resign from her position as a director
of BCP, after considering the best interests of the associate
undertaking.
It should be further noted that BCP also announced today on the
TASE, that Mrs. Nansia Koutsou will not be resigning from her
position in the board of directors of BCP. For ease of reference,
the uncertified English translation of the announcement together
with the original announcement which was published on the TASE in
Hebrew, is available on the Company's website
www.brack-capital.com.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments N.V.
Ariel Podrojski, Chief Executive Officer
Nansia Koutsou, Chief Financial Officer / Chief Operating
Officer, +31 20 514 1004
Novella Communications
Tim Robertson
Toby Andrews, +44 203 151 7008
About BCRE
BCRE is an international real estate development and investment
group, headquartered in the
Netherlands and listed on the London Stock Exchange. Through
its subsidiary and associated undertakings, the Company is
interested in, develops and operates an international portfolio of
real estate assets, predominantly located in the USA, Germany
and Russia.
The Company has established local management team platforms with
significant local market expertise in the US, Germany, Russia, India
and the UK with exclusive access to over 550 staff. At present, the
Company has offices and teams in New
York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New
Delhi, Amsterdam and
Limassol.
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